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Acquired Lease Intangibles
3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Acquired Lease Intangibles Acquired Lease Intangibles

Summary of our Acquired Lease Intangibles

 (In thousands)
March 31, 2020
 
December 31, 2019
 
 
 
 
Above-market tenant leases
$
7,131

 
$
7,220

Above-market tenant leases - accumulated amortization
(1,990
)
 
(1,741
)
Above-market ground lease where we are the lessor
1,152

 
1,152

Above-market ground lease - accumulated amortization
(229
)
 
(224
)
Acquired lease intangible assets, net
$
6,064

 
$
6,407

 
 
 
 
Below-market tenant leases
$
101,299

 
$
102,583

Below-market tenant leases - accumulated accretion
(53,530
)
 
(50,216
)
Acquired lease intangible liabilities, net
$
47,769

 
$
52,367


    

Impact on the Consolidated Statements of Operations

The table below summarizes the net amortization/accretion related to our above- and below-market leases:

 
Three Months Ended March 31,
 (In thousands)
2020
 
2019
 
 
 
 
Net accretion of above- and below-market tenant lease assets and liabilities(1)
$
4,259

 
$
4,124

Amortization of an above-market ground lease asset(2)
(3
)
 
(4
)
Total
$
4,256

 
$
4,120

______________________________________________
(1)
Recorded as a net increase to office and multifamily rental revenues.
(2)
Recorded as a decrease to office parking and other income.